MEPs adopt EU budget 2023: focus on Ukraine, energy and recovery

This article is brought to you in association with the European Parliament. For next year’s EU budget, MEPs secured better and more effective support for addressing the consequences of the war in Ukraine and the pandemic recovery process. In a deal with member states on Monday, 14 November, Parliament obtained €1.05 billion for its priorities on […]

Boosting Africa’s commercial aviation sector, a sure route to recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Hassan El-Houry, Group CEO, National Aviation Services Commercial aviation generates $6 of related economic activity for every $1 value created, providing African leaders with an opportunity to bolster economic recovery once it overcomes the aviation gap in the […]

A sustainable path to lasting recovery for Small Island Developing States lies in the ocean and the building of a robust blue economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Shiri Krishna Gounder, Permanent Secretary for Ministry of Economy, Government of Fiji Reliant on tourism and trade, Small Island Developing States (SIDS) were among the hardest hit globally by the economic impact of COVID-19. Fiji and other SIDS […]

How Africa’s free trade area is an opportunity for recovery and development

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Chido Munyati, Head of Regional Agenda, Africa, World Economic Forum Sub-Saharan Africa has been hard hit by the pandemic – 39 million more people have since fallen into poverty. With rising energy and food prices the region needs […]

Will digital services remain in the vanguard of the global trade recovery?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johannes Fritz, Chief Executive Officer, St.Gallen Endowment for Prosperity through Trade & Simon Evenett, Founder, St.Gallen Endowment for Prosperity through Trade As rising shipping costs crimp trade in goods, trade’s contribution to the pandemic economic recovery is ever […]

EU Budget 2022 deal: investing more for a strong recovery

This article is brought to you in association with the European Parliament. MEPs have fought for and obtained better support for health, research, climate action, SMEs and the young in next year’s EU budget, after talks with Council on Monday. On Monday evening, the negotiators from the European Parliament and the Council reached a provisional agreement […]

NextGenerationEU: Bulgaria submits official recovery and resilience plan

This article is brought to you in association with the European Commission. The Commission has today received an official recovery and resilience plan from Bulgaria. This plan sets out the reforms and public investment projects that Bulgaria plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is at the heart […]

2022 EU budget: MEPs demand the focus must be on COVID-19 crisis recovery

This article is brought to you in association with the European Parliament. The Budget Committee wants to boost the pandemic recovery process and lay the foundations for a more resilient EU. The Committee on Budgets adopted, in a vote on Tuesday, their position on the 2022 EU budget. In doing so they restored appropriations on all […]

NextGenerationEU: European Commission endorses Romania’s €29.2 billion recovery and resilience plan

This article is brought to you in association with the European Commission. The European Commission has today adopted a positive assessment of Romania’s recovery and resilience plan, an important step towards the EU disbursing €14.2 billion in grants and €14.9 billion in loans to Romania under the Recovery and Resilience Facility (RRF). This financing will support […]

NextGenerationEU: Fourth bond issuance maintains strong momentum for EU borrowing for recovery

This article is brought to you in association with the European Parliament. The European Commission has today raised a further €9 billion to support Europe’s recovery from the coronavirus crisis and its consequences, through the fourth NextGenerationEU bond issuance since the start of the programme in mid-June. The European Commission issued a 7-year bond due on […]

We urgently need to kickstart tourism’s recovery but crisis offers an opportunity to rethink it

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Isabelle Durant, Acting Secretary-General, UNCTAD With vaccination advancing in most developed economies, we would have expected the tourism situation today to be significantly better than this time last year. Sadly, it is not. Less than 10 years away […]

NextGenerationEU: European Commission endorses Slovenia’s €2.5 billion recovery and resilience plan

This article is brought to you in association with the European Commission. The European Commission has today adopted a positive assessment of Slovenia’s recovery and resilience plan, a key step paving the way for the EU to disburse €1.8 billion in grants and €705 million in loans under the Recovery and Resilience Facility (RRF). This financing […]

World leaders must put women at centre of COVID-19 recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Phumzile Mlambo-Ngcuka, Undersecretary-General and Executive Director, United Nations Entity for Gender Equality and the Empowerment of Women (UN WOMEN) The COVID-19 pandemic has exacerbated the economic gender divide around the world. As G7 leaders meet this week, they […]

EU budget 2022: Speeding up Europe’s recovery and progressing towards a green, digital and resilient future

This article is brought to you in association with the European Parliament. The Commission has today proposed an annual EU budget of €167.8 billion for 2022, to be complemented by an estimated €143.5 billion in grants under NextGenerationEU. Their combined firepower will mobilise significant investments to boost the economic recovery, safeguard sustainability, and create jobs. It […]

European Semester Spring Package: Paving the way for a strong and sustainable recovery

This article is brought to you in association with the European Commission. The European Commission has today presented the European Semester Spring Package, which focuses on providing fiscal guidance to Member States as they continue the process of gradually reopening their economies. This guidance aims to help Member States strengthen their economic recoveries, making the best […]

Gender equality, sustainability and social justice: A roadmap for recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Laura Turquet, Policy Advisor and Deputy Chief of Research and Data, UN Women The pandemic has exacerbated gender inequalities, left women more vulnerable to jobs losses and increased their unpaid care work. According to UN Women’s projections 47 […]

Recovery and Resilience Facility: Finland submits official recovery and resilience plan

This article is brought to you in association with the European Commission. The Commission has received an official recovery and resilience plan from Finland. This plan sets out the reforms and public investment projects that Finland plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the key instrument at […]

Creative Europe: Over €2 billion to support the recovery, resilience and diversity of cultural and creative sectors

This article is brought to you in association with the European Commission. The Commission has today launched new actions to support the cultural and creative sectors in Europe and beyond, following the adoption of the work programme for the first year of the Creative Europe 2021-2027 programme. In 2021, Creative Europe will allocate an unprecedented budget […]

Recovery and Resilience Facility: Croatia and Lithuania submit official recovery and resilience plans

This article is brought to you in association with the European Commission. The Commission has received official recovery and resilience plans from Croatia and Lithuania. These plans set out the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the […]

Recovery and Resilience Facility: Hungary submits official recovery and resilience plan

This article is brought to you in association with the European Commission. The Commission has received an official recovery and resilience plan from Hungary. This plan sets out the reforms and investment projects that Hungary plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the key instrument at the […]

Recovery and Resilience Facility: Belgium, Italy, Austria, and Slovenia submit official recovery and resilience plans

This article is brought to you in association with the European Commission. The Commission has received official recovery and resilience plans from Belgium, Italy, Austria, and Slovenia. These plans set out the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF […]

5 key lessons for energy transition from COVID-19 recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Harsh Vijay Singh, Project Lead, System Initiative on Shaping the Future of Energy, World Economic Forum Geneva & Pedro Gomez, Head of Oil and Gas Industry and Partnering Against Corruption Initiative (PACI), World Economic Forum The world has […]

NextGenerationEU: Commission gets ready to raise up to €800 billion to fund the recovery

This article is brought to you in association with the European Commission. The Commission has today taken steps to ensure that borrowing under the temporary recovery instrument NextGenerationEU will be financed on the most advantageous terms for EU Member States and their citizens. The Commission will use a diversified funding strategy to raise up to around […]

EU Cohesion policy: first REACT-EU support measures for recovery and transition approved for the Netherlands and Austria

This article is brought to you in association with the European Commission. The Commission approved the first decisions under REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe) involving a modification of four operational programmes for the European Regional Development Fund (ERDF) in the Netherlands and Austria that will increase the funding available for investments […]

4 ways to deliver social justice during the COVID-19 recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Berit Gleixner, Community Lead, Civil Society, World Economic Forum & Natalie Cilem, Community Specialist, Civil Society, World Economic Forum The COVID-19 virus has exposed, fed off and increased existing inequalities of wealth, gender and race. The economic and […]

This opera company is helping people in their recovery from COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Natalie Marchant, Writer, Formative Content ENO Breathe is helping COVID-19 patients to recover through singing, in order to manage breathlessness and anxiety. The program is entirely virtual and done in collaboration with the UK’s National Health Service. The […]

President von der Leyen joins the Global Citizen campaign to end COVID-19 and kick start a global recovery

This article is brought to you in association with the European Commission. “We have to fight the pandemic right now, but we also have to address its broader impact on the most vulnerable and tackle the root causes,” said Ursula von der Leyen, President of the European Commission, as she supported today the launch of the […]

Economic policy priorities for a post-pandemic recovery

This article is brought to you in association with the European Commission. A high-profile panel on Monday warned of the economic difficulties stemming from the pandemic, whilst noting that this crisis could offer the chance to rebuild EU economies. Kicking off the annual European Parliamentary Week, which sees MEPs and national parliamentarians meet to discuss EU […]

How we measure stakeholder capitalism will determine our recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katica Roy, CEO and Founder, Pipeline Equity Common metrics, which take account of gender and race, will stimulate global efforts necessary for inclusive capitalism to thrive. Taking account of gender and race within those metrics will ensure there […]

Business growth is key to post-pandemic recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Loic Tassel, President, Europe, Procter & Gamble The EU is investing billions in COVID-19 recovery plans to build a more resilient, sustainable economy. P&G is committed to European recovery and plans to lead the FMCG industry through innovation, […]

Coronavirus response and recovery: EU support for regions to work together in innovative pilot projects

This article is brought to you in association with the European Commission. The Commission has announced the winners of a new EU-funded initiative for interregional partnerships in four areas: coronavirus-related innovative solutions, circular economy in health, sustainable and digital tourism, and hydrogen technologies in carbon–intensive regions. The aim of this new pilot action, which builds on […]

5 ways the ocean can contribute to a green post-COVID recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Nina Jensen, Chief Executive Officer, REV Ocean & Martin Stuchtey, Co-Founder and Managing Partner, SYSTEMIQ The ocean can play a huge role in promoting a sustainable recovery from the COVID-19 pandemic. From food production to renewable energy, the […]

EU future at stake: MEPs broadly welcome Commission’s recovery package proposals

This article is brought to you in association with the European Parliament. Focussing on future generations, Commission President von der Leyen discussed the €750 billion recovery instrument within a revamped long-term EU budget in plenary. Following the presentation by Commission President Ursula von der Leyen and the pledge by the Croatian Council representative Nikolina Brnjac to […]